Success as an online entrepreneur often isn’t about being “the best” at something.
It’s far more about being consistent while avoiding some common mistakes.
I made all 3 of these small (but easily fixable) mistakes when I first started as an online entrepreneur. Once I got past all 3 of these, I went on to generate over $1.5 million in sales online. If you can avoid these three simple mistakes, your business and your profits will start to grow before you know it:
Mistake #1: Never Getting Started Because Everything Isn’t Perfect Yet.
If you’re waiting to get started until all of the stars are aligned, the time is right, and all the pieces are perfectly in place, you’re never going to get started. Getting started is the hardest part. Things will never be perfect. So start seeking out your first customers immediately, even if everything isn’t perfect.
Mistake #2: Focusing On Only One Very Specific Strategy.
Don’t put all of your eggs in one basket. I’ve seen many people invest thousands of dollars into a single course or program that promises them the world yet only teaches them one very specific strategy. Then, when that one specific strategy doesn’t work for them, they are devastated and quit. If you have an idea, spend a small amount of time learning about it for free online first instead of investing all of your time and resources into it. Once you’ve proven that you can make money with the knowledge you learned quickly for free, only then is it time to invest more time and money into that project.
Mistake #3: Failing To Test Your Ideas On A Very Small Scale First.
So how do you avoid putting all of your eggs in one basket? You test out your idea on a very small scale first. One great way to do this is “pre-selling.” Start selling your idea to customers before you’ve even built the product or service, with a delivery date promised for the future. If you successfully get lots of pre-sales, you can confidently invest time and money into completing the project before the promised delivery date. If not, you’ve saved yourself from investing time and money into a product you can’t sell.
If you can avoid all three of these common mistakes while consistently putting in the necessary work, you will succeed as an online entrepreneur.